Common use of Notices of Borrowing Clause in Contracts

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly confirmed in writing. The Borrower Representative shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers to choose LIBOR Rate Loans is subject to the provisions of Section 4.14. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative shall provide to the Agent a list, with specimen signatures, of officers authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower Representative.

Appears in 2 contracts

Samples: Credit Agreement (Imagyn Medical Technologies Inc), Credit Agreement (Imagyn Medical Technologies Inc)

AutoNDA by SimpleDocs

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly shall be confirmed in writing. The Borrower Representative Funds Administrator shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative Borrowers may request one or more Borrowings of Revolving Loans constituting Prime Base Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than 12:00 noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers to choose LIBOR Rate Loans is subject to the provisions of Section 4.14. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative Funds Administrator shall provide to the Agent a list, with specimen signatures, of officers and other Persons, if any, authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeFunds Administrator.

Appears in 2 contracts

Samples: Credit Agreement (Metal Management Inc), Credit Agreement (Metal Management Inc)

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly shall be confirmed in writing. The Borrower Representative Funds Administrator shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative Borrowers may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 1,000,000 or an integral multiple of $1,000,000 100,000 in excess thereof. The right of the Borrowers to choose LIBOR Rate Loans is subject to the provisions of Section 4.14SECTION 4.13. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative shall provide to the Agent a list, with specimen signatures, of officers authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower Representative.the

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

Notices of Borrowing. Notices of Borrowing may be -------------------- given under this Section by telephone or facsimile transmission, and, if by telephone, promptly confirmed in writing. The Borrower Representative shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers Borrower to choose LIBOR Rate Loans is subject to the provisions of Section 4.144.12. Once given, a Notice of Borrowing is irrevocable by and binding on the BorrowersBorrower. The Borrower Representative shall provide to the Agent a list, with specimen signatures, of officers authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeBorrower.

Appears in 1 contract

Samples: Credit Agreement (Envirodyne Industries Inc)

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly confirmed in writing. writing substantially in the form of Exhibit F. The Borrower Representative shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing borrowing are satisfied. The Borrower Representative may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Eurodollar Rate Loans shall be given not later than noon Chicago 1:00 P.M. New York time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Eurodollar Rate Loans, shall be in an aggregate amount for all Lenders of not less than $5,000,000 2,000,000 or an integral multiple of $1,000,000 100,000 in excess thereof. The right of the Borrowers Borrower to choose LIBOR Eurodollar Rate Loans is subject to the provisions of Section 4.144.13. Once given, a Notice of Borrowing that requests a Lender Advance is irrevocable by and binding on the BorrowersBorrower. The Borrower Representative shall provide to the Agent a list, with specimen signatures, of officers authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeBorrower.

Appears in 1 contract

Samples: Credit Agreement (Mobile Mini Inc)

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly shall be confirmed in writing. The Borrower Representative Funds Administrator shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative Borrowers may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than 12:00 noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers to choose LIBOR Rate Loans is subject to the provisions of Section SECTION 4.14. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative Funds Administrator shall provide to the Agent a list, with specimen signatures, of officers and other Persons, if any, authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeFunds Administrator.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

Notices of Borrowing. Notices of Borrowing may be given under this Section SECTION 2.2 by telephone or facsimile transmission, and, if by telephone, promptly confirmed in writing. The Borrower Representative LFC Funds Administrator shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative Borrowers may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers to choose LIBOR Rate Loans is subject to the provisions of Section 4.14SECTION 4.12. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative LFC Funds Administrator shall provide to the Agent a list, with specimen signatures, of officers and other Persons, if any, authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeLFC Funds Administrator.

Appears in 1 contract

Samples: Postpetition Credit Agreement (Levitz Furniture Corp /Fl/)

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly shall be confirmed in writing. The Borrower Representative Funds Administrator shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative Borrowers may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than 12:00 noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers to choose LIBOR Rate Loans is subject to the provisions of Section SECTION 4.14. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative Funds Administrator shall provide to the Agent a list, with specimen signatures, of officers and other Persons, if any, authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeFunds Administrator.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

AutoNDA by SimpleDocs

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly confirmed in writing. The Borrower Representative shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers Borrower to choose LIBOR Rate Loans is subject to the provisions of Section 4.144.13. Once given, a Notice of Borrowing is irrevocable by and binding on the BorrowersBorrower. The Borrower Representative shall provide to the Agent a list, with specimen signatures, of officers authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeBorrower.

Appears in 1 contract

Samples: Credit Agreement (Venture Stores Inc)

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly confirmed in writing. The Borrower Representative Hawk Funds Administrator shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative Borrowers may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 2,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers to choose LIBOR Rate Loans is subject to the provisions of Section 4.14SECTION 4.13. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative Hawk Funds Administrator shall provide to the Agent a list, with specimen signatures, of officers and other Persons, if any, authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeHawk Funds Administrator.

Appears in 1 contract

Samples: Credit Agreement (Hutchinson Products Corp)

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly shall be confirmed in writing. The Borrower Representative Isaax Funds Administrator shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative Borrowers may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 500,000 in excess thereof. The right of the Borrowers to choose LIBOR Rate Loans is subject to the provisions of Section 4.14SECTION 4.13. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative Isaax Xxxds Administrator shall provide to the Agent a list, with specimen signatures, of officers and other Persons, if any, authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower RepresentativeIsaax Funds Administrator.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

Notices of Borrowing. Notices of Borrowing may be given under this Section by telephone or facsimile transmission, and, if by telephone, promptly confirmed in writing. The Borrower Representative shall specify in each Notice of Borrowing whether the conditions for the requested Borrowing are satisfied. The Borrower Representative may request one or more Borrowings of Revolving Loans constituting Prime Rate Loans on the same Business Day. Each Notice of Borrowing for LIBOR Rate Loans shall be given not later than noon Chicago time on the third Business Day prior to the proposed Borrowing. Each Notice of Borrowing shall, unless otherwise specifically provided herein, consist entirely of Revolving Loans of the same Type and, if such Borrowing is to consist of LIBOR Rate Loans, shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof. The right of the Borrowers Borrower Representative to choose LIBOR Rate Loans is subject to the provisions of Section 4.144.12. Once given, a Notice of Borrowing is irrevocable by and binding on the Borrowers. The Borrower Representative shall provide to the Agent a list, with specimen signatures, of officers authorized to request Revolving Loans. The Agent is entitled to rely upon such list until it is replaced by the Borrower Representative.

Appears in 1 contract

Samples: Credit Agreement (Florsheim Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.